LG Uplus's "Juniber Toki" watch, the result of collaboration with KDDI of Japan, is the industry's first to adopt the oneM2M Internet of Things platform. Toki allows a child to send and receive phone calls and texts./ Courtesy of LG Uplus

By Kim Yoo-chul

LG Uplus said Friday that it will partner with domestic and overseas businesses to develop new business models based on the oneM2M standard.

"LG Uplus is looking to boost its international businesses via open and wider collaboration with partners. Connected car, smart home, and smart factory related systems are the segments that LG Uplus is interested in," it said in a statement to The Korea Times.

The statement added that the LG affiliate is the world's first to commercialize a watch for kids based on the oneM2M standard.

OneM2M was established in July, 2012, by a consortium of ICT standards development bodies to provide a common machine-to-machine (M2M) service layer that can be embedded within hardware and software.

"Close cooperation between different Internet of Things (IoT) standards is significant as it could expand the overall IoT ecosystem by advancing the development of products and services that can interoperate regardless of standards," Uplus said.

Since January this year, a Uplus-developed oneM2M IoT platform has been available. "A key advantage of LG's oneM2M platform is that it supports various IoT protocols such as fixed-line, wireless, HTTP, MQTT and CoAP," the company said.

The watch for children is a result of collaboration with KDDI of Japan. The device will help parents find out the whereabouts of their children and also support both voice calling and text exchanges.

LG Uplus declined to specify the name of potential clients that it was talking to. Since Vice Chairman Kwon Young-soo has taken charge, LG Uplus has been moving to find new growth engines overseas.

Kwon has solid international contacts as he handled LG Group's battery business and was the CEO at LG Display, helping LG become a world leader in those sectors.